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Nonprofiteer
← ALFRED UNIVERSITY

Form 990 for tax year 2022

Filed by ALFRED UNIVERSITY.

Totals

Total revenue
$106,018,398
Total expenses
$112,363,461
Contributions and grants received
$36,955,635
Grants paid
$32,993,181
Program service revenue
$63,242,615
Investment income
$2,783,994
Other revenue
$3,036,154
Total assets, end of year
$368,832,192
Total liabilities, end of year
$39,819,506
Net assets or fund balances, end of year
$329,012,686
Program services expenses (Part IX)
$99,000,763
Management and general expenses
$11,651,559
Fundraising expenses
$1,711,139
Program service expenses (Part III)
$99,000,763

Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $27,991,656

  • 1f · All other contributions, gifts and grants

    $8,963,979

  • 1g · Noncash contributions included above

    $1,015,785

  • 2a · Program service revenue: Tuition and Fees

    total $49,771,533 · related or exempt $49,771,533 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Auxiliary Services

    total $13,076,928 · related or exempt $13,076,928 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Educational Activities

    total $394,154 · related or exempt $394,154 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,336,564 · related or exempt $0 · unrelated business $0 · excluded $3,336,564

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $14,955,785 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $15,508,355 · other assets $0

  • 7c · Gain or loss

    securities -$552,570 · other assets $0

  • 7d · Net gain or loss

    total -$552,570 · related or exempt $0 · unrelated business $0 · excluded -$552,570

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: Research

    total $939,359 · related or exempt $939,359 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Athletics & Equestrian

    total $308,370 · related or exempt $308,370 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Student Loan Interest

    total $168,487 · related or exempt $168,487 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $1,619,938 · related or exempt $1,619,938 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,036,154

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $31,203,022 · program services $31,203,022

  • 3 · Grants to foreign organizations and individuals

    total $1,790,159 · program services $1,790,159

  • 5 · Compensation of officers, directors and key employees

    total $2,379,066 · program services $0 · management and general $1,569,893 · fundraising $809,173

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $30,491,110 · program services $26,757,194 · management and general $3,596,886 · fundraising $137,030

  • 8 · Pension plan contributions

    total $1,983,648 · program services $1,740,732 · management and general $234,001 · fundraising $8,915

  • 9 · Other employee benefits

    total $6,020,096 · program services $5,282,880 · management and general $710,161 · fundraising $27,055

  • 10 · Payroll taxes

    total $2,239,739 · program services $1,965,462 · management and general $264,211 · fundraising $10,066

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $208,663 · program services $33,355 · management and general $175,308 · fundraising $0

  • 11c · Fees: accounting

    total $166,205 · program services $4,800 · management and general $161,405 · fundraising $0

  • 11d · Fees: lobbying

    total $80,611 · program services $0 · management and general $80,611 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $253,500 · program services $0 · management and general $223,361 · fundraising $30,139

  • 11g · Fees: other

    total $8,395,098 · program services $7,574,755 · management and general $790,587 · fundraising $29,756

  • 12 · Advertising and promotion

    total $134,157 · program services $106,466 · management and general $25,646 · fundraising $2,045

  • 13 · Office expenses

    total $3,621,901 · program services $3,213,920 · management and general $273,761 · fundraising $134,220

  • 14 · Information technology

    total $1,727,150 · program services $1,727,150 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $2,522,048 · program services $2,484,745 · management and general $37,303 · fundraising $0

  • 17 · Travel

    total $2,459,721 · program services $2,094,323 · management and general $248,188 · fundraising $117,210

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $85,572 · program services $62,767 · management and general $19,721 · fundraising $3,084

  • 20 · Interest

    total $363,218 · program services $363,218 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $8,411,674 · program services $7,927,154 · management and general $409,557 · fundraising $74,963

  • 23 · Insurance

    total $698,838 · program services $55,965 · management and general $640,433 · fundraising $2,440

  • 24a · Other expenses: Repairs & Maintenance

    total $1,495,417 · program services $1,084,781 · management and general $272,025 · fundraising $138,611

  • 24b · Other expenses: Small Equipment

    total $1,079,401 · program services $864,783 · management and general $211,411 · fundraising $3,207

  • 24c · Other expenses: Indirect Costs

    total $900,047 · program services $900,047 · management and general $0 · fundraising $0

  • 24d · Other expenses: Awards & Honorariums

    total $384,459 · program services $382,797 · management and general $1,662 · fundraising $0

  • 24e · All other expenses

    total $3,268,941 · program services $1,380,288 · management and general $1,705,428 · fundraising $183,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,442,822 · end of year $3,368,667

  • 2 · Savings and temporary cash investments

    beginning of year $4,000,000 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $10,240,486 · end of year $4,537,749

  • 4 · Accounts receivable

    beginning of year $2,284,536 · end of year $2,221,347

  • 7 · Other notes and loans receivable

    beginning of year $17,211,507 · end of year $13,991,736

  • 8 · Inventories for sale or use

    beginning of year $293,485 · end of year $271,872

  • 9 · Prepaid expenses and deferred charges

    beginning of year $317,906 · end of year $593,399

  • 10a · Land, buildings and equipment: cost or other basis

    $331,917,658

  • 10b · Land, buildings and equipment: accumulated depreciation

    $169,405,638

  • 10c · Land, buildings and equipment, net

    beginning of year $154,561,873 · end of year $162,512,020

  • 11 · Investments: publicly traded securities

    beginning of year $140,460,983 · end of year $156,329,199

  • 12 · Investments: other securities

    beginning of year $26,775,953 · end of year $25,006,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,515,104 · end of year $6,797,984

  • 19 · Deferred revenue

    beginning of year $3,606,799 · end of year $2,660,848

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,126,181 · end of year $11,234,958

  • 25 · Other liabilities

    beginning of year $23,004,905 · end of year $19,125,716

  • 27 · Net assets without donor restrictions

    beginning of year $143,125,818 · end of year $146,938,172

  • 28 · Net assets with donor restrictions

    beginning of year $174,210,744 · end of year $182,074,514

Mission and programs · 2022

Mission

The mission of Alfred University is to provide excellent quality and enduring value through academic and co-curricular programming that is both intellectually challenging and practically relevant. We are culturally diverse and student-centered, and aim to serve an ever-changing student population. We seek students with the aspiration and dedication to do well for themselves and for their greater communities. Thus, we prepare our students with the knowledge, skills and life-habits that will enable them to succeed, and to live lives of continuous personal growth and service to others. These outcomes are achieved through a commitment, by the entire AU community, to teaching and research, the pursuit of scientific and technical expertise, artistic creativity, and humanistic learning.

  • HIGHER EDUCATION: ALFRED UNIVERSITY IS A COEDUCATIONAL INSTITUTION COMPRISED OF THE PRIVATELY ENDOWED COLLEGES OF LIBERAL ARTS AND SCIENCES, ENGINEERING AND BUSINESS, AND THE SCHOOL OF GRADUATE AND CONTINUING STUDIES, AS WELL AS TWO STATUTORY UNITS - THE SCHOOL OF ART AND DESIGN AND SELECTED PROGRAMS WITHIN THE SCHOOL OF ENGINEERING. WE OFFER BOTH UNDERGRADUATE AND GRADUATE DEGREES ALONG WITH UNDERGRADUATE AND GRADUATE RESEARCH OPPORTUNITIES TO APPROXIMATELY 2,000 STUDENTS.

    Expenses $99,000,763 · Grants $32,993,181 · Revenue $66,278,770

As filed on the 2022 return.

Listed in Part VII

  • Mark Zupan

    President

    Total calculated
    $479,082
    From this org
    $440,492
    From related orgs
    $0
    Other
    $38,590
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $425,232
    Bonus
    $0
    Other
    $15,260
    Deferred
    $21,350
    Nontaxable benefits
    $17,240
    Filer's total
    $479,082

  • Scott Misture

    Professor, School of Engineering

    Total calculated
    $270,508
    From this org
    $226,777
    From related orgs
    $0
    Other
    $43,731
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,702
    Bonus
    $0
    Other
    $66,075
    Deferred
    $21,940
    Nontaxable benefits
    $21,791
    Filer's total
    $270,508

  • Gabrielle G Gaustad

    Dean, School of Engineering

    Total calculated
    $269,383
    From this org
    $232,144
    From related orgs
    $0
    Other
    $37,239
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $205,148
    Bonus
    $0
    Other
    $26,996
    Deferred
    $18,880
    Nontaxable benefits
    $18,359
    Filer's total
    $269,383

  • Giovina Lloyd

    VP Business/Finance & CFO

    Total calculated
    $251,551
    From this org
    $230,610
    From related orgs
    $0
    Other
    $20,941
    Hours/week
    50 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $230,610
    Bonus
    $0
    Other
    $0
    Deferred
    $20,443
    Nontaxable benefits
    $498
    Filer's total
    $251,551

  • Elizabeth Dobie

    Vice President & Provost

    Total calculated
    $244,844
    From this org
    $220,420
    From related orgs
    $0
    Other
    $24,424
    Hours/week
    50 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $220,420
    Bonus
    $0
    Other
    $0
    Deferred
    $19,435
    Nontaxable benefits
    $4,989
    Filer's total
    $244,844

  • Erin Martinovich

    VP for Advancement

    Total calculated
    $227,496
    From this org
    $213,854
    From related orgs
    $0
    Other
    $13,642
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,462
    Bonus
    $25,000
    Other
    $392
    Deferred
    $13,192
    Nontaxable benefits
    $450
    Filer's total
    $227,496

  • Jonathan Kent

    VP of Enrollment Management

    Total calculated
    $220,638
    From this org
    $193,263
    From related orgs
    $0
    Other
    $27,375
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,109
    Bonus
    $0
    Other
    $1,154
    Deferred
    $13,838
    Nontaxable benefits
    $13,537
    Filer's total
    $220,638

  • SK Sundaram

    Professor, School of Engineering

    Total calculated
    $207,803
    From this org
    $168,213
    From related orgs
    $0
    Other
    $39,590
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,228
    Bonus
    $0
    Other
    $37,985
    Deferred
    $17,860
    Nontaxable benefits
    $21,730
    Filer's total
    $207,803

  • John Cerio

    Dean, School of Graduate & Continuing Studies

    Total calculated
    $188,139
    From this org
    $165,816
    From related orgs
    $0
    Other
    $22,323
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $146,513
    Bonus
    $0
    Other
    $19,303
    Deferred
    $11,274
    Nontaxable benefits
    $11,049
    Filer's total
    $188,139

  • Mark Lewis

    Dean, College of Business

    Total calculated
    $167,279
    From this org
    $156,279
    From related orgs
    $0
    Other
    $11,000
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,404
    Bonus
    $0
    Other
    $10,875
    Deferred
    $10,530
    Nontaxable benefits
    $470
    Filer's total
    $167,279

  • Mary McAllister

    Secretary

    Total calculated
    $79,348
    From this org
    $73,898
    From related orgs
    $0
    Other
    $5,450
    Hours/week
    40 + 0.2 related

  • Carolyn S Clark

    Chair

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Stephen K Heine

    Vice Chair

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • AN Sreeram

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Bryan Hill

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Cheryl R Blanchard

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Christine E Heckle

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Craig J Peretz

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Dennis Kessler

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Dwight Gertz

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Eric M Bershad

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Eric M Zuckerman

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Frederick A George

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Gene M Bernstein

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Gregory R Connors

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • James M Jordan

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • John A Edmond

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Joseph Cesarano III

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Kathleen A Richardson

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Kevin H Livingston

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Kristen M Klabin

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Marianne Gaige

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Matthew Washington

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Michael P Carey

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Michele R Cohen

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Neal Miller

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Patricia St George

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Russell Cesari

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Terry A Michalske

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Terry Montgomery

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Terry S Galanis Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • Thomas R Hinman

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • William Giles

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • William Pullman

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

  • William Rice

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 0.2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
The University requires the President to live in on-campus housing and provides a custodian to clean the facility. The University maintains a Country Club membership in the President's name for entertainment of donors. It is acceptable that the President's spouse or significant other may accompany him on University business trips/events. During these trips/events, the expense of the spouse or significant other will be paid by the University.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Foster Lake Inc

    C · Lake Access to Students · NY · 100% owned · share of income $20,000 · share of assets $69,100 · controlled entity

    Directly controlled by Alfred University

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349301338

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